Competition and antitrust framework
GoodCorporation's Antitrust Framework is a set of 33 responsible business principles to help manage competition issues. It can be used as a guideline for establishing good practice or as an auditing framework to identify the strengths and weaknesses in practices and procedures.
Key principles covered by the framework
- Leadership and responsibility: senior management lead by example, adopting and promoting fair competition policies and ensuring an effective compliance programme is in place.
- Risk assessment: the organisation ensures that antitrust risks are proactively assessed.
- Commercial practices: the company does not form cartels, fix prices, rig bids, mislead, limit production, agree to share customers or markets, abuse dominant positions or take other actions to restrict fair competition.
- Training and communication: the company ensures that its employees and other relevant stakeholders are trained on antitrust principles.
- Monitoring and compliance: effective internal monitoring processes to support antitrust policies are in place.
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